NEW YORK (

TheStreet

) -- The ex-dividend date for

Toro Company

(NYSE:

TTC

) is tomorrow, September 29, 2011. Owners of shares as of market close today will be eligible for a dividend of 20 cents per share. At a price of $51.77 as of 9:30 a.m. ET, the dividend yield is 1.6%.

The average volume for Toro has been 252,200 shares per day over the past 30 days. Toro has a market cap of $1.6 billion and is part of the

industrial goods

sector and

industrial

industry. Shares are down 16.3% year to date as of the close of trading on Tuesday.

The Toro Company designs, manufactures, and markets professional turf maintenance equipment and services worldwide. It operates in two segments, Professional and Residential. The Professional segment designs professional turf and agricultural products. The company has a P/E ratio of 13.9, equal to the average industrial industry P/E ratio and below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Toro as a

buy

. The company's strengths can be seen in multiple areas, such as its growth in earnings per share, revenue growth, notable return on equity, largely solid financial position with reasonable debt levels by most measures and expanding profit margins. We feel these strengths outweigh the fact that the company shows weak operating cash flow. You can view the full

Toro Ratings Report

.

See our

dividend calendar

or

top-yielding stocks list

.

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